Loans We Provide
Chicago Bridge Loans provides short-term (6-18 month) real estate loans used for the acquisition or refinancing of investment real estate throughout the Chicagoland area. These loans are often referred to as bridge loans or hard-money loans.
Our underwriting is different – and probably more lenient – than traditional mortgage lenders. Whereas we often do not lend as much as traditional lenders (i.e. we usually lend in the range of 50-60% of value), we are less concerned with a borrower’s income, credit history or perhaps a troublesome prior real estate investment. More important to us is the borrower’s experience, plan for the property, and whether we feel the borrower is likely to succeed with their plan.
Our typical borrower is a real-estate investor who needs funds for a limited time. Perhaps they want to acquire an asset while waiting to sell or refinance a different asset which they already own, or simply need time to obtain permanent financing for a property.
We provide borrowers with financing options otherwise unavailable to them in today’s financial markets, and add value to their deals through:
Ultimately, our goals are aligned with yours: to structure a loan which will allow you to successfully complete your investment real estate transaction.
We lend in the Chicagoland area, up to approximately 40 miles from the city’s border. We don’t yet lend in Northwest Indiana.